IGD's First Investor Day - 15 June 2017 - Site visit
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IGD’s First Investor Day
15 June 2017 - Site visit
IGD’s Headquarters
Index
1. THE REGION 3
2. THE TOUR 7
3. ASSETS DATA: 11
•Punta di Ferro
•Esp
•Le Maioliche
Investor Day
2
1. The region
Emilia Romagna: key figures
Emilia Romagna is located in the North-East of Italy and it is one of
the richest regions in Italy and Europe:
• Inhabitants as at 1 January 2016: ~ 4.5 million
EMILIA ROMAGNA
• GDP per capita 2015: approx. € 33,560€ (4 th region in Italy),
+14% vs European Union average
• Household disposable income per capita 2015: approx. €22,670
(3 rd region in Italy)
The region has always been an important touristic center: 10.2
million tourists visited Emilia Romagna in 2016. Last year the
region was the favorite destination chosen by Italians for holidays.
Emilia Romagna is known worldwide for its excellences in the
Food&Wine sector, it can count 74 DOP-IGP certified products
(first Italian region in the Food sector for n^ of DOP-IGP certified
products), and its premium brand companies especially in the
automotive sector.
Investor Day
4
Industrial clusters of international relevance
Ceramics
Food & wine Automotive
Packaging
Fashion
Investor Day
5
IGD presence in the region
Centro ESP
Mall GLA: 30,070 sqm
Hyper GLA: 16,530 sqm
Punta di Ferro
Mall GLA: 21,223 sqm
Centro Borgo
Mall GLA: 6,975 sqm
Hyper GLA: 11,480 sqm
Centro Nova (Masterlease)
Mall GLA: 12,740 sqm
Le Maioliche
Mall GLA: 12,580 sqm
Retail park GLA: 9,733 sqm
Hyper GLA: 9,277 sqm
Lungo Savio
Mall GLA: 2,928 sqm
Hyper GLA: 7,467 sqm
Other assets in the region:
Lame hypermarket (Bo), Leonardo hypermarket (Imola), Centro Globo hypermarket (Lugo), Aquileja supermarket (Ra), I Malatesta
hypermarket (Rn)0
Investor Day
6
2. The tour
“Starting point”: Bologna
Bologna is the capital of the region and hosts an artistic and cultural heritage of
extraordinary value which attracts tourists from all around the world.
With more than 86,500 small, medium and large companies, Bologna is one of
the most active business centers in the whole country. It is home to one of the
largest exhibition centers in Europe which generates value for the region and
promotes the City as a global platform for international trade.
The city is the heart of the national road and rail network: three main Italian
motorways converge in Bologna: the A1 (Milano - Reggio Calabria), the first
ever Italian motorway, the A14 (Bologna - Taranto), and the A13 (Bologna -
Padova). The railway station is one of the main hubs in the country with about
58 million passengers a year.
"Guglielmo Marconi“ airport is a modern and increasingly important
infrastructure, with an annual traffic which, in 2016, exceeded 7.5 million
passengers (+11.5% vs 2015).
Bologna is also a very important university city. The University is the oldest in
Europe. It was founded back in 1088. Today it is the most famous Italian
university in the world; it offers more than 200 degree courses and in
2015/2016 more than 80,000 students enrolled.
Investor Day
8
Along the way 1/2
Global leader in the automatic data The most important Italian
Listed on the Italian Stock Exchange since 2015.
capture and process automation markets. milk production chain.
Market cap approx. €560 mn
2016 revenues: €576.5 mn 2016 sales: €1.18 bn
90 years old,
motorbikes
manufacturers ,
part of Audi Group One of the biggest Italian
food retailer: 430 points
of sale and 22,000
employees.
2016 revenues: €4.7 bn
World leader in the sectors of;
advanced automated
machinery and packaging
materials, industrial process
solutions and precision gears.
2015 Consolidated revenues:
€1.5 bn Since the 1960s Cantine
Umberto Cesari has
produced exquisite and
selected wines such as
San Giovese,
Pignoletto,…
Opened in 2016, it is one of
the biggest factories opened
in Italy in the last 20 years.
It counts more than 600
employees.
Word leader in the design and
World’s leading online luxury fashion
manufacture of automatic machines
retailer: client base of more than 2.9 mn
Leading Espresso producer in Italy and for packaging.
customers Second largest Italian insurance
throughout the world. 2016 consolidated turnover: €1.3 bn
2016 net revenues: €1.9 bn group, among the top ten in
2016 consolidated turnover: €917 mn
Europe
Investor Day
9
Along the way 2/2
Leader in the construction
industry, it operates in Italy
The racing circuit hosts (Petrolchemical plants)
and worldwide. (60% of its
important events such as the Global Energy company t(73
revenues comes from work
Superbike Championship and countries) with more than
abroad).
music concerts. 33,000 employees.
2015 consolidated revenues:
Market cap: €50bn
€1.18 bn
It operates around the
world in 4 different One of the most famous
business units: finishing, Italian company specialising
plant solutions, medical in the bedding industry.
equipments and
shopfitting.
2015 turnover: €443.4
mn
Leading brand in Italy in the
production and sale of
fabric sofas and armchairs.
International group
manufacturing machines
and complete plants for
the Ceramics, Packaging, (Factory)
Food Industries and Leading industrial group
Automation. worldwide in the steel
2015 Consolidated processing sector.
turnover: €1.35bn 2016 Turnover: €4.1 bn
It design and manufactures World leader in fitness and
A world leader in the design,
a wide range of floor and wellness technologies.
construction and sale of luxury
wall tiles Listed on the Italian Stock
yachts and pleasure vassels. It
Exchange.
sells its products in more than 80
Investor Day 2016 Turnover: €555 mn
countries. 103. Assets data • Punta di Ferro • Esp • Le Maioliche
Puntadiferro - Forlì
Forlì: key figures
Inhabitants: ~ 120,000
Household disposable income per-capita 2015: €21,850 (+5.4% vs
Italian average)
View of Piazza Saffi
Forlì is home to an important campus of the University of Bologna with
some important degree courses such as aerospace engineering and the
School of Interpreting and Translation. In 2015/2016 5,673 students
enrolled (+12.8% vs 2014/2015) and a new modern university campus has
been recently inaugurated.
View of the new University campus
Forlì is home to an important shipbuilding industry district (Ferretti Group,
Cantieri del Pardo), a furnishings industrial district (PoltroneSofà, Dorelan)
and other leading international companies which have factories and offices
in the city such as Electrolux, Marcegaglia and Bonfiglioli.
Unieuro, the largest Italian electronics distributor (recently listed), also has
View of Cantieri Navali Ferretti
its headquarters in the city.
Investor Day
13Location and catchment area
Location:
Piazzale della Cooperazione, 4 – Forlì, Emilia Romagna
Excellent accessibility: situated at the exit of A14 motorway
and a few minutes from the historical center of Forlì.
Located between the city center, the A14 motorway, via
Ravegnana and via Cervese, the area is well positioned in
terms of both accessibility and connecting roadways.
Catchment area
The potential catchment area within 10 minutes includes
around 63,454 inhabitants and reaches around 80,740 if
within 20 minutes is considered.
Overall 394,830 inhabitants can reach the center in 30
minutes by car.
Investor Day
14Location and competitors
Food anchor – Ipercooop
Distance: 21km
Food anchor – Ipercooop
Distance: 21.8 km
Food anchor – Conad
Food anchor – Conad
Food anchor – Ipercoop Distance: 24.1km
Distance: 22.8km
Investor Day
15Key data
m²
Type of center Mall GLA Hypermarket GLA
relevant, 21,223 sqm (not owned)
opened in 2011 12,625 sqm
(sales area: 7,500 sqm)
Conad
N. of shops
97
of which:
Medium surfaces
3 (Unieuro, H&M, Toys)
Food court
8 Restaurants (Mc Donald’s, American Graffiti, Let’s Toast, Gustami, Alice Pizza, La Cremeria,
MokaRica, Caffè Pascucci)
Customer services
Automatic cash dispenser, tobacco shop, hairdresser, kids zone
Investor Day
16Location plan
Fantastic location and the primary catchment area, good presence of national and international brands and large food
court are just some of the aspects that make the Punta center of the prime center in the core shopping area. In
addition, an intensive promotional activities and events that have contributed over the years to build customer loyalty.
Parkings places: 2,900
Retail levels: 1
Vacancy at 31 December 2016: 0%
Investor Day
17Commercial highlights
Change 2017/2016 (4 months) Change fy 2016/2015 Total 2016
Puntadiferro IGD Puntadiferro IGD Puntadiferro IGD
TENANT SALES
-1.3% +0.7% +0.5% +2.6%
total trend
Average ticket +8.8% +4.4% €24.6 € 21.4
Footfalls* n.a. -1.9% n.a. -1.0% n.a. 74,8 mln
*Counter didn’t work in few months in 2016
Investor Day
18Merchandising Mix (on sqm)
Merchandising mix Puntadiferro shopping center Merchandising mix IGD total portfolio
at 31/12/2016 at 31/12/2016
SERVICES
6%
FOOD
7%
ELETRONICS
10%
PERSONAL AND
HEALTHCARE CLOTHING
4% 53%
ENTERTAINMENT
4%
CULTURE, LEISURE, GIFT
ITEMS
7%
HOUSEHOLDS GOODS
7%
Investor Day
19ESP - Ravenna
Ravenna: key figures
Inhabitants: ~ 160,000
Household disposable income per-capita 2015: €22,255 (+ 7.1% vs Italian
average)
View of Piazza del Popolo
Ravenna is recognized worldwide for its historical and artistic treasures. It
was the capital city of the Western Roman Empire and the Byzantine
Empire. It preserves one of the richest heritage of mosaics within its early
Christian and Byzantine religious buildings included by UNESCO on the
World Heritage List since 1996. In 2015, 1,402,144 tourists visited the
province of Ravenna.
Basilica di Sant’Apollinare in Classe
Ravenna is an important port city, its port is the only one in the region and it
is a leader in Italy for trade with East Mediterranean and Black Sea markets.
The petrolchemical district is also very important (Eni, Vinavil, Polimeri
Europa spa, Sol Group) which is directly connected to the Port of Ravenna.
The city is also home to other important international companies such as
Cofco International and CMC.
View of the Ravenna port
Investor Day
21Location and catchment area
Location:
Via Marco Bussato, 74 - Ravenna, Emilia Romagna
Great visibility: the center faces the state highway SS 16
Adriatica which has substantial tourist traffic.
Catchment area
Located in a wealthy region known for its tourism and its
wide range of cultural activities.
313,470 inhabitants can reach the center in 30 minutes by
car.
Investor Day
22Location and competitors
Food anchor – Ipercoop
Distance: 47.5km
Food anchor – Ipercooop
Distance: 32 km
Food anchor – Ipercooop
Food anchor – Conad
Distance: 21km
Investor Day
23Key data
m²
Type of center Mall GLA Hypermarket GLA
relevant, opened in 30,070 sqm (owned)
1998, restyled in 2012 16,530 sqm
and extended in 2017 (9,500 smq sales area)
Ipercoop
N. of shops
98
of which:
Medium surfaces
16 ( H&M, OVS, Piazza Italia,Bershka, Pull&Bear, Kiabi, Scarpe e Scarpe, Maison du Monde, Casa, Pet Store
Coop, Prenàtal, Benetton, Co Import, Unieuro, Game 7, Deichmann)
Food court
11 restaurants (Mozzarella e Basilico (next opening), Gustavo Osteria Romagnola, Alice Pizza,
Pollo&Friends, Sushi one, Let's Toast, Pani Cunzato, Pianeta Piada, Magnosfera, Bar Qui, McDonald's)
Customer services
Hairdresser, dentist, tobacco shop, travel agency, barber, bank, kids zone, Automatic
cash dispenser, gas station
Investor Day
24Location plan
Excellent accessibility and visibility, directly
facing the SS16 – Adriatica motorway.
Important tourist flows in the summer
months. Leading shopping center in the
catchment area. Top performing
hypermarket deeply rooted in the local
area. Work underway on the expansion of
the property.
Parkings places: 3,556
Retail levels: 1
Vacancy at 31 December 2016: 0%
Investor Day
25Commercial highlights
Change 2017/2016 (4 months) Change fy 2016/2015 Tot 2016
ESP IGD ESP IGD ESP IGD
TENANT SALES
+0.4% +0.7% +1.7% +2.6%
total trend
Average ticket +2.7% +4.4% € 21.4 € 21.4
Footfalls +0.8% -1.9% -0.2% -1.0% 4,0 mln 74,8 mln
Investor Day
26Merchandising Mix (on sqm)
Merchandising mix ESP shopping center Merchandising mix IGD total portfolio
after extension at 31/12/2016
SERVICES
6%
FOOD
7%
ELETRONICS
10%
PERSONAL AND
HEALTHCARE CLOTHING
4% 53%
ENTERTAINMENT
4%
CULTURE, LEISURE, GIFT
ITEMS
7%
HOUSEHOLDS GOODS
7%
Investor Day
27Centro Le Maioliche – Faenza
Faenza: key figures
Inhabitants: ~ 60,000
Household disposable income per-capita 2015: €21,681 (+4.6% vs Italian
average)
View of Piazza del Popolo
The city, known throughout the world for its traditional ceramics, has been
home to the International Ceramic Museum since 1908, one of the world’s
most important ceramic art museums.
Example of “Maioliche”,
Faenza typical ceramics
Faenza is home to a ceramics industrial district among the most important
in Italy (Cooperativa Ceramica d’Imola).
The agri-food and wine sector is also very important.
San Giovese vineyard
Investor Day
29Location and catchment area
Location:
Via Bisaura, n 1/3 Faenza (Ravenna), Emilia Romagna
Excellent road system: next to the A14 motorway and
tollbooths of the Faenza exit.
Favourable position: the historic centre of the city is just a
few minutes’ drive away.
Excellent visibility: the entire façade of the centre
overlooks the motorway.
Catchment area
335,900 inhabitants estimated to be within 30 minutes’
drive.
Minimal competition: limited presence of competitors in
the primary catchment area.
Open area: free-moving and regular traffic from other
towns in the area.
Investor Day
30Location and competitors
Food anchor – Ipercoop
Distance: 47.5km
Food anchor – Ipercooop
Distance: 32 km
Food anchor – Ipercooop
Distance: 32km
Food anchor – Conad
Food anchor – Conad
Distance: 21.8km
Distance: 4.5km
Investor Day
31Key data
m²
Type of center Mall + RP GLA Hypermarket GLA
medium, 22,313 sqm 9,277 sqm
opened in 2009 (5,875 sqm sales area)
Ipercoop
N. of shops
49
of which:
Medium surfaces
5 (H&M, Deichmann, Trony, C&A, New Yorker)
Retail Park
3 + service station (Decathlon, Maison du Monde, Bricofer)
Food court
4 Restaurants (Passatelli & Giove, Cuor di gelato, Magnosfera, Camst Cafè)
Customer services
Automatic cash dispenser, tobacco shop, hairdresser, dentist, travel agency, kids
zone, Coop gas station
Investor Day
32Location plan
Warm and cozy, this shopping center in
Faenza a city which is world renewed for its
ceramics, stands out as a unique
architectural complex thanks also to the
works done by the ceramic artist Mirta
Morigi. The Le Maioliche Shopping Center
offers a wide range of services, from wi-fi
which is accessible throughout the center,
to a nursery, a large parkng area with
special facilities for the handicapped and
mothers-to-be or mothers wiht small
children. Looking further afield, it is clear
that Faenza is as the crossroads of a large
area which connects other important cities
found nearby: Ravenna, Forlì, Cesena and a
large part of the Adriatic Riviera.
Parkings places: 2,400
Retail levels: 1
Vacancy at 31 December 2016: 0%
Investor Day
33Commercial highlights
Change 2017/2016 (4 months) Change fy 2016/2015 Total 2016
Le Maioliche IGD Le Maioliche IGD Le Maioliche IGD
TENANT SALES
+1.1% +0.7% +2.9% +2.6%
total trend
Average ticket +3.7% +4.4% € 23.2 € 21.4
Footfalls -2.1% -1.9% -1.8% -1.0% 2,2 mln 74,8 mln
Investor Day
34Merchandising Mix (on sqm)
Merchandising mix Le Maioliche shopping center Merchandising mix IGD total portfolio
at 31/12/2016 at 31/12/2016
SERVICES
6%
FOOD
7%
ELETRONICS
10%
PERSONAL AND
HEALTHCARE CLOTHING
4% 53%
ENTERTAINMENT
4%
CULTURE, LEISURE, GIFT
ITEMS
7%
HOUSEHOLDS GOODS
7%
Investor Day
35www.gruppoigd.it
Claudia Contarini, IR
T. +39. 051 509213
claudia.contarini@gruppoigd.it
Federica Pivetti
T. +39. 051 509242
federica.pivetti@gruppoigd.itYou can also read
